The commercial desk reports on office leasing and investment, retail and hospitality assets, industrial and logistics space, and the data centre pipeline across Singapore and the wider region.
SoftBank, Grab and Petroleum Sarawak will invest US$1.85 billion in two artificial intelligence infrastructure projects in Malaysia. The partners aim to build at least 5 gigawatts of data centre capacity across Sarawak and Peninsular Malaysia. SoftBank provides US$1 billion in seed capital, Grab con
Sena HHP Co, a joint venture between Sena Development and Hankyu Hanshin Properties Corp, plans to build condominiums for senior living in Thailand. The move targets rising demand from the country's ageing population.
CoreWeave beat Wall Street estimates with S$3.66 billion in third-quarter revenue, a 170 per cent surge, and lifted its 2026 revenue forecast to between US$13.0 billion and US$13.3 billion. The Nvidia-backed company, which carries US$46.9 billion in total debt, also raised its annual spending target
Taiwan’s Ministry of Foreign Affairs has launched the Global UAV Alliance for Resilience and Democracy (GUARD) to facilitate technology exchange and secure supply chains for uncrewed aerial vehicles. The alliance aims to expand Taiwanese drone makers’ access to international markets and build a trus
The Philippines and the United States remain on track to finalise the master agreement for the Pax Silica advanced manufacturing hub by the end of 2026, despite no announcement during President Trump's visit for the ASEAN Summit. Trade officials said the deal will have its own dedicated signing cere
The Department of Finance and Bureau of Local Government Finance have told a Congressional hearing they support extending compliance timelines for the Real Property Valuation and Reform Act. Unreliable market data, stalled local government automation and failed valuation testing prompted the move. T
The Philippines Bureau of Customs has proposed requiring sea cargo deconsolidators handling balikbayan boxes to post P2 million in escrow, plus P500,000 per overseas partner. Analysts say the rule will squeeze small operators and raise shipping costs for overseas Filipino workers.
Globe Telecom reported a 3.5% rise in third-quarter attributable net income to P5.44 billion, driven by higher revenues and increased gains from property and equipment disposals. Gross revenues grew 5.2% to P46.68 billion, while gross expenses rose 7.7% to P43.31 billion.
Megaworld Corp. reported a 1.6% increase in attributable net income to P5.32 billion for the third quarter, driven by higher leasing and hotel revenues. Consolidated net income rose 8.1% to P6.31 billion, while consolidated revenues climbed 4.7% to P22.32 billion.
Alternergy Holdings Corp. plans to raise up to P10 billion through fixed-rate green bonds to help finance P26 billion in planned investments in solar and wind power projects. The board has approved a five-year shelf registration programme, with the initial offering targeted for the first quarter of
Filinvest Development Corp and Filinvest Land will cease operations of their joint construction company Dreambuilders Pro by 31 Dec 2026, shifting to third-party contractors. The group says the move supports expansion of residential townships and industrial parks, and will not have a material financ
Listed luxury developer Shang Properties, Inc. posted a 4.6% rise in attributable net income to P804.7 million for Q3 2026, driven by a 55.6% jump in residential sales and steady growth in leasing and hotel revenues. Consolidated revenue for the quarter climbed 27.9% to P3.41 billion.
Anthropic's IPO plans to raise as much as US$64.4 billion, with a target valuation of up to US$1.02 trillion, according to a regulatory filing. The share sale, priced between US$70 and US$78 per share, is seen as a key test of investor appetite for AI-related investments amid growing concerns about
The Maharashtra Consumer Commission has directed Bombay Dyeing and Bombay Realty to refund ₹1.95 crore to two Jamshedpur-based homebuyers for failing to deliver a 1,941 sq ft apartment in Dadar East on time. The developers were also ordered to pay ₹1.5 lakh in compensation and litigation costs for d
Ho Chi Minh City's People's Council has approved a plan to develop a network of integrated logistics zones across 10 locations, including Cat Lai, Long Binh and the area around Tan Son Nhat airport. The hubs aim to cut transport costs, reduce heavy truck traffic in urban areas and connect industrial
The National Environment Agency has granted 29 non-profit organisations a final extension until 30 Nov to receive and distribute drinks without the Beverage Container Return Scheme deposit mark. The one-month grace period for smaller retailers ended on 31 Oct.
The ASEAN Foundation has launched a free digital learning platform, ScamReadyASEAN.org, targeting over 3 million people across Southeast Asia to combat rising online scams, including AI-enabled fraud. The platform offers courses, interactive simulations, and reporting resources, backed by $5 million
Ho Chi Minh City has said it will not sacrifice environmental protection for economic growth as it develops Can Gio into a centre for maritime trade, logistics and tourism. City officials outlined plans for a US$5 billion international transshipment port and a coastal tourism network, while stressin
Cagdianao Mining Corp. has recorded the rare, thumb-sized orchid Corybas pictus for the first time in the Philippines within its mining tenement in Dinagat Islands. The discovery, made during the company's 2025 biodiversity assessment, marks a new country record for the species previously documented
Mandai Executive Golf Course has been granted a one-year tenancy extension to 31 Dec 2027, following an appeal by its operator. Authorities say the extension is final and will not delay plans to develop an outdoor adventure learning centre on the site.
Ho Chi Minh City attracted nearly US$19.1 billion in foreign investment in the first 10 months of 2026, a 4.2-fold increase year-on-year. Major projects include the Can Gio International Transshipment Port (over US$4.9 billion) and a US$2.1 billion AI Factory data centre.
Nexus Sedenak, a 2,940-acre integrated development in Kulai, is being positioned to broaden the local economy beyond data centres with a proposed inland port and mixed industrial, logistics and lifestyle components. Deputy Communications Minister Teo Nie Ching said Budget 2027 identified the project
Haryana RERA has ruled that a homebuyer who stopped payments on a delayed project cannot claim compensation from the developer. The authority held the buyer a defaulter, barring compensation under Haryana RERA Rules 2017, though it partly blamed the builder for delays in obtaining an occupation cert
Sunimax Development Sdn Bhd must sell all its properties via a court-recorded tender to repay RM69.56 million to Supermax Corp co-founders Datuk Cheryl Tan Bee Geok and Datuk Seri Thai Kim Sim. The Shah Alam High Court consent order, recorded on Nov 10, requires a valuation within 30 days and a tend
The Monetary Authority of Singapore on Tuesday launched a gold vaulting service for central banks with capacity to store up to 500 tonnes of gold. MAS and the Ministry of Finance also announced an enhanced GST framework that will waive taxes on wholesale services such as vaulting, refining and broki
KFC Singapore is launching a limited-time Avengers: Doomsday menu from 25 Nov 2026 to 12 Jan 2027. The collaboration features a Doctor Doom Burger, green-seasoned fried chicken, and blind-box Colonel Sanders figurines dressed as Marvel characters.
JLL Malaysia reported a gradual recovery in the property market at its Q3 2026 media briefing on Nov 10. Office occupancy improved, industrial vacancy fell, and residential transactions remained below year-earlier levels. The consultancy highlighted demand for quality space and potential support fro
YNH Property Bhd is working to complete a RM170 million land disposal to Sunway Living Space by January 2027, with net proceeds of about RM105 million earmarked for a RM170 million sukuk redemption due Feb 26, 2027. The developer faces a RM6.8 million shortfall in its sukuk reserve account, which MA
Prime Minister Datuk Seri Anwar Ibrahim has called for Malaysia to develop its own modular construction capabilities rather than rely on imported systems. The push supports the 13th Malaysia Plan target of 500,000 affordable homes by 2030 and the wider goal of one million homes by 2035.
Lunique Real Estate Co will focus on mid-priced residential projects in Pattaya, steering clear of Bangkok's oversupplied market. Next month it will launch Lucean Bay Jomtien Pattaya, a 60-storey, 4.8 billion baht condominium with 588 sea-view units.